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a bunch of democrats saying we don't want any spending cuts, entitlement cuts, nothing. just pass the debt ceiling. no spending. >> do whatever it takes. apparently the hurdle is some legality. not whether it's a good idea, not whether it calls into question the independence of the central bank, the independence of whether the treasury will now have the new power to print money whatever it has. as long as it's legal. let me tell you. of all these options, the magic coin option, the 14th amendment may be the worst option. it will be challenged in court. the court moves forward. you end up with two classes of u.s. debt, one which people have a lot of confidence in, then this different class of debt which was created under this who knows what new legal authority that they found. >> this is the point. let me go right. the i.o.u. this is interesting. edward klinebard, former chief of staff at the congressional joint committee on taxation is now teaching law at the university of southern california. now, he says that congress has constitutional authority to raise the debt and only the congress.
barnes thank you very thank you very much. >> time for your comments, craig, i get the impression you don't think that republicans are very effective negotiators, so far you are correct. jean said, i'm getting to be more and more of a dobbs fan, common sense questioning, thank you, keep then coming and the unkind words as well. we love hearing from you, good night from new york. >> who needs a hot miss alabama in the stands? cbs has a ton of cool cash and a drop dead gorgeous super bowl record on its hand, sold out as the bilge game is still -- big game is still weeks from oforget $ 4 million bucks for a 30 second spot is worth the price of the game. imagine if we clock the same rate, ogling the quarterback's girlfriend just watching the game, a little dirty, but undeny abily, pay dirt. i am neil cavuto, believe it or not it took seeks longer than other super bowl broadcasters in the past to reach this sell out point but as ceo leslie moonves thought, why not cheat when kuwait and score. considering the economy that many argue is slowing. and a financial sector busy paying billions to a g
was to the left of tim geithner. he is there to execute the obama tax hike don't reform entitlements policy. >> that is a greaeat point. >> he is there to stabilize the debt. >> this is not a centerist appointment. th mr. geithner, i believe he was a centerist. >> why is he a financial market guy? >> he grew up as a banker. what about larry fink, he is a democrat and well respected by everyone. >> i have a list here. >> jamie diamond. ken chenault. >> you need someone who understands the fiscal books at a time like this. >> we disagree. we don't need someone who understands the books, we need someone who understands where we should go and where those books should take us. and i don't think he does. i don't think they understand fiscal policy better than jack lou. he got you guys a surplus back in the 90s. >> all established people in financial markets all distinguished people who command the respect of not only around here in the new york area but the whole g-20. this is going to be a bad mistake. it may be the haegle of the justice department. >> i'm not sure why you are discounting the fa
are not going to want to come as somebody's deputy. i don't know how they're going to fill out the lew treasury department, but i expect they will take some care and attention to tending those relationships. but when you look at the big guns on wall street, they're not going to go in as somebody's number two. >> john, was jack lew the first and only choice? >> that's been the principal focus of speculation from the beginning. i remember having a conversation with roger altman who is a friend of this program and somebody that served in the clinton administration about after the election how the president was going to fill out his cabinet. and he said if you look at the pattern that this president has followed, it has tended to pick people close to him who he feels very comfortable with. the criticism of president obama from some is that he's insular and that he has a very close circle. the positive of that is that it's a pretty cohesive group and he deals with people that he's comfortable with. and jack lew is clearly one of those people. >> you know, john, i know when you read the "new york tim
for the last five years, and this is the first month with an impressive number, but the money is spent. you don't want to trade on that. the question is one month is not a trend make. we need to see what happens, but, again, i think why you're seeing this stall, if you will, near the highs is because of the technical analysis impacting the market. liz: got it. you prefaced that before you came on the show. ed to -- todd at the cme. when ben talks about that technical exhaustion on certain levels of the market, i mean, everybody's talking about 1470 for the s&p, and that's important to hold. what are you looking at? what are you talking about? >> good afternoon, liz. you know, we are -- the problem here is there's no volatility, no volume, way too much complacency in the market. liz: what are you looking at now? historically at this point? >> it's a downward trading at 70% of normal volume right now, and so the s&p is trading at about -- the s&p futures trieding at 75% of normal volume. when you see low volumes, it's overall way too come place sent. we know what happens when people are comfortab
. >> you ready? >> i am. i'm ready. ready to -- i don't know. i'm ready. >> you ready? >> i'm ready. i might -- i don't know. we'll see how i feel. no, i'll be here. >> okay. >> don't worry. >>> let's talk about boeing and the dreamliner. more news on the front page of many papers today. lots of continued problems including this one -- japan's all nippon airways canceled a boeing 787 dreamliner flight scheduled to flight from western japan to tokyo today. the airline citing brake problems. and this add to a series of setbacks for the aircraft this week. yesterday a fuel leak forced another 787 operated by japan airlines to cancel takeoff at boston's logan airport. and on monday, there was an electrical fire on another 787 after a japan airlines flight to boston from tokyo got -- caught fire. boeing's asian customers are rallying behind the planemaker, arguing the incidents are glitches that can happen to new planes. the customers say they have no plans to scale back or cancel orders for the aircraft, but maybe we can take a look at the stock. you can see it's kind of hit over the past
a discussion and i don't want to tune into the fox news channel and see a tragedy occur like this again. unfortunately, joe biden said yesterday, if it only saves one life. if it only saves one life we could eliminate cars right now and in the next 15 minutes we'll be saving livelies. we could eliminate knives in people's home and hammers and blunt objects of any kind, and that standard doesn't exist. let me ask specifically, was any discussion made about the possibility of putting retired police officers, armed guards in schools? did that come up? >> no. >> sean: mental health issues, did that come up? >> the mental health issues did come up and i think that's one thing we all agree upon. i want to point out, sean, if i may, when you listen to the talk that's going on right now, the discussions, a lot of people on both sides are saying at that we want to make sure that the people who shouldn't have guns don't have access to guns. and i think that that's something that we all agree upon. what's interesting is that the gun control act already has provisions in it that prevent that from h
. i don't have any problem, larry, like you, with either one of these provisions. i'm a second amendment supporter and i don't think these go to that level. but at the same token, what happened to mental health? what happened to access to weapons? neither one of these would've blocked the shooting in newtown. >> i don't mean to be rude, but i've got breaking news i've got to pick up. please hang with me. phil lebeau's got breaking news ton the 787 boeing dream liner. phil, if you're out there, tell me what you've got, my friend. >> larry, we have learned that the faa is going to be conducting a special review of the power system in the 787 dream liner. essentially this is the faa saying let's take a pause here and take a look at the design, the manufacturing, how the power system works on the dream liner. let me be clear here, this is a special review. this is not an airworthiness directive. it would be a much more serious matter. and it might involve airlines being told stand down, don't fly this plane. that is not what is happening. airlines that have the dream liner will con
and played -- i don't know. it was bad. >> i really went to bed. >> if i didn't stay up the previous night -- >> i know. >> you didn't stay up for it? >> i did not. and if i didn't stay up to that, i'm not staying up for some football game, i'll tell you that. >> my soap opera boys who are here. >> i was thinking about you watching the -- because we hadn't seen the actual end of season two. and i was thinking about what you're missing. there's no way you should not be watching it. >> eventually i will watch it. >> there are. >> i can watch the one that's on. i need to watch it when i -- it's like the new way people view. when you can, when you get a chance. >> did you see that michelle caruso cabrera has the third season on dvd? >> she gave me my soap. >> she did? >> she did. >> she came over the other day. you weren't there at the time, but she was going to show them off. >> yeah. >> let's start with the markets this morning, as well. the s&p retreating from a five-year high yesterday. the stocks finished the session off their lows. u.s. equities are indicated a little weaker. dow futures
about things that don't matter. this is. he will take questions. any word from the fed chairman about the pace and timing of quantitative easing we'll get it to you. it could move the markets. david: and the number one thing to watch next week will be bank earnings. bac and everything on thursday. we'll hear from jpmorgan, goldman sachs. thursday we hear from citi and bank of america. melissa: i'm melissa francis and here's what's "money" tonight. well you probably heard about shell's grounded alaskan oil rig but did you know why it might have been moved, to avoid taxes. we'll drill down on those details. plus ditching the gas tax by the side of the road. virginia governor bob mcdonnell, wants his state's 17.5 cents gas tax gone for good but he wants to raise another tax instead. he will join us in a fox business exclusive to tell us how it all shakes out. >>> a landmark decision in the sports world. major league baseball will start random in season testing for steroids. will the help its tarnished image and bring in ticket sales? we have former cincinnati reds pitcher, rob dib bill.
vice president biden to finally move this debt and the fiscal cliff issue forward. i don't think he does have the kind of respectful valuation from republicans that you would like to see in the secretary of treasury. >> senator sessions, thanks very much for sharing your shoes. it will be a lively process to be sure. i think chuck hegel's will be the next to be the defense secretary. we will see what happens with john brennan and john kerry to be the next secretary of state. we will be having much more extensive coverage of this later today at 4:00 p.m. in "the situation room." thanks very much for watching. brooke baldwin continues our coverage right now. >> wolf, thank you. the worst flu season in three years rocks the country. doctor sanjay gupta joins me live on what to expect over the next month. i'm brooke baldwin. the news is now. showdown at the white house. find out what happens when joe biden meets the nra and movie execs about gun control. plus one group wants to see pictures of osama bin laden's body. now a court is hearing its case against the president. and -- >> the n
can't nail him, if there's just suspicion, i don't think you should dock him, obviously. >> no. there's a cloud around everybody. we do have to figure out what to do. now you've got the all-time home run king, all-time hit king, a guy who won seven cy youngs in roger clemens will probably never be in the hall of fame. a guy like mark mcgwire. >> put it on the plaque. put it on the plaque. >> no, no plaque. no nothing because they aren't. >> the steroids era. >> there you go. >> first of all, that would be the biggest construction project in the history of cooperstown. >> true. good point. >> because the game was replete with steroids for a period of perhaps as many as 20 years. but certainly for 10 to 15 years. just put it on the plaque with bonds and clemens. here's what happened with them. here's what they admitted. here's what they were charged with. whatever. put it on the plaque. >> you know what my problem is, though? and maybe this is personal with me. i was born in atlanta, georgia. i grew up, hank aaron was my idol. hank aaron was a remarkable man, decent, humble, mobile, ala
victims in this case. >> to run back to one of your points, we don't know if the shooting happened on campus and in one of the classrooms or nearby. this happened as you mentioned with the shooter, we don't know if he was a student. >> i think that's an important point to make. early reports, we know that it's a shooting at taft union high school. we are trying to sift through to understand whether it happened in the school itself or whether it happened outside the school. we can confirm that there victims in this case and the police department -- >> injuries. thank goodness. nothing worse than that. let us know if you find out more. >> we will. >> happening now, the most controversial here and perhaps confrontational meeting, joe biden will have as his task force figures out what it do to curb gun violence. here he was. vice president and his group talking with the national rifle association representatives. that is happening right now at the white house as i speak. earlier he talked with sports men and hunter groups and all of this talking according to the vice president he said
kobe's 6-6205. imus: don't have time to get into the tale of the tape here, warner. [laughter] and here is another one of dagen's five favorite songs. ♪ ♪ just out of rehab, 28 days clean ♪ ♪ genuine, certified ♪ ♪ when we thought he put that drug in his past ♪ ♪ he walked down and boy done relapsed ♪ ♪ it i just had to laugh, knocked off that horse, you get back on again ♪ ♪ just the way it is and the way it's always been ♪ ♪ no more to the story, yeah, just got again ♪ ♪ knocked off that horse, get back on again ♪ ♪ imus, imus, imus in the morning ♪ ♪ >> less money in your wallet? a record amount spent on food stamps and spending, three big numbers that tell the stewart. good morning, stuart is going to be back tomorrow, today here is the big story. 200 billion dollars, how much spending power the fiscal cliff bill takes out of our pockets accord to go goldman sachs. the combination of payroll tax cuts exspiring and higher rates on the wealthy hitting the economy hard. the second number, 80.4 billion, now, that's a record amount of yo
been 1351 days since congress passed a budget. but here at "money" we don't whine. we fix things. today's power panel is here to help bridge the budget divide and finally put the mess behind us. >>> plus is slumming it apple's plan for world domination? the iphone supremacy is waning. there is word a lower end model is in the works. is it proof the phone, the iphone is finally past its sell date? we have the latest details. >>> and you get a comeback. you get a comeback. you get a comeback. lance armstrong agrees to a tell-all interview with oprah, in case you didn't know who i was impersonating there. will this resurrect his shattered brand? even when they say it's not it is always about money melissa: all right, first let's take a look at the day's market headlines. alcoa stronger than expected fourth quarter earnings help stocks snap a two-day losing streak. the dow gained 61 points. >>> aig will not sue the u.s. government over its $182 billion bailout. its board of directors refused to join a $25 billion lawsuit led by former aig chief hank greenberg in its entirety. the suit alleg
. >> and congratulations. >> i appreciate it. >> you don't have to be a lawyer to be a supreme court justice. >> making oral arguments any day now on some topic i will rule in jay's favor on. the purple nation this, is no joking matter. we have a president of the united states using executive order bypassing congress to get done what he cannot get done through the legislative process. >> that is a problem. it's a big problem. >> well, it should be illegal. and republicans have not been bashful about doing that. you remember, that the affordable care act known by republicans as obama care. >> i don't know if and some are not. soit should be challenged. and that is what the court ordered. >> it's also, i think the president who is sworn to uphold the constitution and the second amendment could not be anymore clear, we laid out what our founders and framers said bit last night. the president has responsibility himself but he wants to push the envelope. your reaction. >> and you shouldn't be surprised the president said as much. congress didn't snt going to move, he's going to move. take a look. with regar
. if you don't believe me go see the movie "deer hunter." it's a classic. so i'm confident his set of proposals on universal background checks, closing the gun show loophole, gun safety, and doing something about those high-capacity gun clips and whatever else he puts forward is going to be something reasonable hunters and second amendment people will find sensible. i'm not big on interest groups. i want to democratize the way we make laws in this country. the more people have a say in writing the law, the betert law. the fewer the people the worse the law. big corporations, for example, shouldn't write corporate tax law, and gun owners shouldn't be the only people involved in gun law. anybody can get shot by a gun, killed by a gun, and they all ought to have a say. and, that ladies and gentlemen, as joe biden would say, includes all of us. all of us should make gun law, not just the gun people. so let's go at it. and please don't, please don't lose interest. this is a test of strength. keep your grip on this gun safety issue because the other side is still into keeping theirs. you
. people can't just respect you, they have to fear you. if they don't fear you, they will not make the necessary changes. >> is there anybody out there who could be that person? >> too early to tell. we just had an election. people are already starting to talk about the horse race for 2016. you do elections -- >> hillary's up. >> we have a serious, serious problem that we need to address. fiscal, education, immigration, infrastructure, health care costs. i can go on and on. even the guns issue. >> the show is over. thank you for being here. >> it's a pleasure. >>> thank you, david. have a great weekend, everybody. right now it's time for "squawk on the street." >>> good friday morning. welcome to "squawk on the street." i'm carl with melissa lee, jim cramer, david faber at the new york stock exchange. let's look at futures on a friday morning. mild action here. we are paying attention to the mutual fund inflows. as for europe, disappointing industrial production numbers in spain and the uk. but the euro is at a nine-month high this morning. we begin with the s&p, a five-year high.
dealt with at once. deal with the weapons that you think you need to deal with. but if you don't deal with mental health issues, you don't deal with substance abuse issues, and you don't deal with violence in the video games in the media, if you don't deal with all of it, you're not going to eliminate the problem, or even reduce the problem, in my view. >> chris christie was rightly praised for his leadership in the aftermath of hurricane sandy. no doubt about it, he stood up to his party for their actions and how they didn't do what they were supposed to do early on to get relief from congress. but now is the time for real leadership, passing the buck on to the entertainment industry, governor, is nothing but a cop-out. it's a great way to divert attention from a politically delicate situation and difficult position. >> i don't let games like call of duty in my house for ps3 and xbox. that's a decision mary pat and i have made. you cannot tell me sitting in the basement for hours playing call of duty and killing people over and over and over again does not desensitize that child to t
you were a lawyer as a supreme court justice-- >> you don't have to be a lawyer to be a supreme court justice. >> sean: and both making oral arguments on some topic, i'll rule in jay's favor on. this is no joking matter when we have a president of the united states using executive order, bypassing congress, to get done what he cannot get done through the legislative process. that is a problem, lannie, a big problem. >> well, it could be illegal and if so, it should be challenged and taken to the courts. the republicans have not been bashful about doing that. you remember that the affordable care act otherwise known by some republicans as obamacare taken to the supreme court. >> barely made it. >> i don't know if there's anything illegal. sometimes executive orders are within the overall authority of a president, some are not. so it should be be challenged. i don't favor a president acting illegal, that's what the courts are for, mr. hannity. >> sean: i think that the president sworn who uphold the constitution, using the 14th amendment to raise the debt ceiling, clear article 1, secti
eak. i don't know. eight, ten years. i couldn't tell ya' but things were a lot less expensive back then. if you're 50 or over you should take a new look at your auto insurance. you may be overpaying. actually that makes a lot of sense. old policy. old rates. and thanks to your experience behind the wheel, you might save $350 by switching to the aarp auto insurance program from the hartford. plus, you'll get benefits that reward your driving record, like our promise that you won't be dropped. wait, you won't drop me, seriously? that's right, you won't be dropped. and, if you know anyone who's been dropped by their insurance company, you know that's a hassle you don't need. especially these days. plus you'll get recovercare, which helps you pay for everyday needs like housecleaning, lawn care and pet services if you're injured in an accident. so my auto insurance is going to help pay the housecleaning if i'm injured? did you say lawn care? and if i can't walk my dog, they'll help me pay someone to do it for me? call the number on your screen to switch to the aarp auto insurance progr
with a group of pennsylvania deer hunters. if you don't believe me, go see the movie, "deer hunter." it's a classic. so i'm confident closing the gun show loophole, gun safety and doing something about those high-capacity gun clips. it's going to be something reasonable hunters and second amendment fighters will find sensible. the more people have a say in writing the law, the better the law, the fewer the people, the worse the law. big corporations, for example, shouldn't write corporate fax law. and gun owners shouldn't be the only people involved in gun law. anybody can be shot by a gun, killed by a gun and they all ought to have a say. all of us should make gun law, not just the gun people. so let's go at it and please don't, please don't lose interest. this is a test of strength. keep your grip on this gun safety issue. the other side is still into keeping theirs, you know, with their cold, dead hands. and that's "hardball" for now. thanks for being with us. "politics nation" with al sharpton starts right now. >> thanks, chris: and thanks to you for tuning in. tonight's lead, the v
people. so let's go at it and please don't, please don't lose interest. this is a test of strength. keep your grip on this gun safety issue. the other side is still into keeping theirs, you know, with their cold, dead hands. and that's "hardball" for now. thanks for being with us. "politics nation" with al sharpton starts right now. >> thanks, chris: and thanks to you for tuning in. tonight's lead, the vice president will see you now. today, at the white house, we've got the latest evidence the obama team is serious about changing the way we handle guns in this country. ahead of today's key meeting, the nra vice president -- ahead of today's meeting with the nra, vice president biden assured the country, action is on its way. >> there's got to be some common ground here to not solve any problem, but to diminish the probability of what we've seen in these mass shootings. >> there's a real tight window to do this. i've committed to him. i could have these recommendations to him by tuesday. >> recommendations hit the president's desk in five days. now is the time to get this done. the vice
're at a disadvantage? >> they're at a huge disadvantage. they expected this to happen. i don't know how far -- they were all focussing on 2015. we'll see. >> and wouven my resolutions was i was going to start stepping out a little fashionwise. so i put this on today. it's not white. it's not blue. it's pink. and i am trying to set some new ground for myself and then -- i mean, i look at that thing that -- why are you on me? why are you on me? who is directing? >> go to andrew. thank you. >> it's a gray shirt. >> can you get any closer on that? >> it looks better -- you have to see the pattern. and then the collar itself, that's one of four different collars you can have on that shirt,ite? that comes off, right? >> no. >> that's one of those detachable. >> i think it does look better on camera. >> it's okay. >> when i look at it on camera, take another shot from andrew's head on. >> does it steal my thunder, sort of? >> it looks better on camera. it really does. >> that's a backhanded compliment. >> no, but we talk about that all the time. it looks better on camera. that looks good on camera
don't think the federal government has any business having a list of law abiding citizens who choose to exercise their right to keep and bear arms. >> but for vice president joe biden, an assault weapons ban is just the beginning. >> good to have you with us tonight, folks. thanks for watching. today president obama nominated a uniquely qualified candidate to be secretary of defense. former senator chuck hagel, republican out of nebraska, puts country over party, and is a true independent, an independent thinker who will speak his mind. maybe that's why the republicans are crying foul. president obama nominated senator hagel despite early attempts by hagel critics to sideline the nomination. the president praised hagel for his impressive credentials. >> he is an american patriot. he enlisted in the army and volunteered for vietnam. as a young private and then a sergeant, he served with honor alongside his own brother. when chuck was hit by shrapnel, his brother saved him. when his brother was injured by a mine, chuck risked his life to pull him to safety. >> and there is much more. h
. >> and the parents are dropping their little kids off to a school, and they don't know that there is a firearm in the classroom. do you think they have a right to know? >> not necessarily. not necessarily. >> why? >> because i think that firearms are -- what we do know is that the bad guys come into schools. what we don't know -- i mean, we're making lots of guesses about what could happen if. and those things haven't happened. like i said, we've been able to carry them for 12 years here in utah. and i have not heard them. and they would be on the news if those things happened. >> she is torn by the culture of guns in this country. she wants to do the right thing. i don't believe caroline kane is an unreasonable person. and i'm glad she spoke her mind on this program. but it is also reasonable to be concerned if your child's teacher is carrying a loaded gun and if you don't know about it. there is a major disconnect in america between the two sides of the discussion. we can't achieve solutions until we figure out how to bridge the gap. get your cell phones out. i want to know what you think. t
, and tireless dedication to his public office and millie 55 many tons of the organization's. i don't understand what any of that had to do with being a great father. >> away to raise -- >> god bless them. >> the national father's day council. he is a huge draw and still is. a luncheon in june. probably 200, 300 -- melissa: to a half to ask how monica lewinsky figures into all that? >> let's leave it out there. an interesting choice. melissa: father of the year? do you think her father would agree? >> the mom was just in the hospital. the daughter. look, it's a way to make money. they need a headline. melissa: well, the show is called "money." all right. we have to go. that's all the "money" we have for you today. the c becker tomorrow. "the willis report" is coming up next. ♪ gerri: tonight, the white house planning to use executive power to limit gun owner rights in this country. and the number one goal of american millionaires. the surprising answer to a new survey. welcome to "the willis report." ♪ hello, everybody. i'm gerri willis. the consumer financial protection bureau rolling out n
a chance to speak for himself. why all the prejudging, i don't know. >> the senate officially rejected nine cabinet nominations since 1834. the last cabinet nominee rejected by the senate was john tower, nominee for secretary of defense in 1989. >>steve: we also know he was for the iraq war but then was against the iraq war, and then said the surge would never work. then when it worked, he never admitted that it worked. >> that's right. he's been on the intelligence advisory committee of the president and the president feels very close to him. brian. >>brian: all right. thank you very much. meanwhile, let's talk a little bit about this. it's a little rehash of the fiscal cliff. shortly after that was actually passed, our friend steven moore from the "wall street journal" sat down with john boehner, speaker of the house, who was shortly -- after he sat down -- before reelected. john boehner revealed essentially the president's mind-set. john boehner kept talking about, look, mr. president, we've got a spending problem in this country. and the president said we don't have a spending problem.
to carry. i personal hi don't think there is any need for that kind of weaponry on the streets, and particularly around the schools in america. i believe that we've got to take a serious look. i understand everybody's desire to have whatever they want. but we've got to protect our children. we've got to protect our police. we've got to protect our population. >> compare mcchrystal's comments from those from the other side. >> 1776 will commence again if you try to take our firearms. it doesn't matter how many lems you get out there on the street, begging for them to have their guns taken. we will not relinquish them. do you understand? >> the lines are being drawn. members of the right wing fringe are using fear and fantasy to end the debate over gun legislation. a caller to my radio show this afternoon sounded more sensible. this gentleman is a gunowner and hunter from kansas, the middle of the country. >> i am appalled as a gunowner and an ethical sportsman, i am appalled by the level of gun violence in this country. gunowners ought to be leading the charge to end this gun vi
've had a 16% run in the u.s. equity market and i don't feel like anybody celebrate that had at all. professional investors have gotten more bullish and individual investors still remain sidelined. lots of cash sitting out there. we know there's issues at hand and know the fiscal cliff is coming down the pike but more importantly the global growth story still remains intact. it is going to have a fair amount of bumps but through the bumps we're looking at using those types of opportunities to add risk assets to client portfolios. >> absolutely our share of issues. talk about this in my observation at the end of the show. rick, a lot of optimism about the direction of this market. you just can't fight the fed. where do you think interest rates are going to do, and that's going to dictate where you want to put your money because we're talking about zero returns elsewhere. >> yeah, i'll tell you what. here's the way i look at it. i think that we're going to have a giant hiccup in the form of activity slowing due to some of the things embedded in the grand bargain at the end of the year
. >> hopefully we don't get to that point. >> a place for politics. >> well, i got 98% of what i wanted. i'm pretty happy. >> the republican party losing streak continued today as a new poll shows that republicans also lost in the public perception of the fiscal cliff negotiations. "the was post" shows that 30% approve the way house speaker john boehner handled fiscal cliff negotiations, 56% don't approve, 53% approve the way president obama handled negotiations. 40% disapprove. today, chris christie continued his campaign against house republicans. >> we look forward to what we hope will be quick congressional action on a full, clean, sandy-aid bill now. now, next week, one thing i hope that everybody in america now clearly understands, new jersey, both republicans and democrats will never stand silent when our citizens are being shortchanged. >> and let's not forget what governor chris christie said last week. >> there is only one group to blame for the continued suffering of these innocent victims. the house majority, and their speaker, john boehner. >> and today, "the daily beast" publ
've already come out. i don't have the specifics. >> give me names. >> schumer. >> schumer's a question mark. i think he'll vote for him. >> we'll see. the thing is he's doing -- >> what you want him to pick john boldin? >> i think he should pick michelle. >> why? first time in your life you heard of her. >> four years ago. she's actually pretty smart. >> i know. and they're all pushing somebody they never heard before. you guys are such frauds. anyway, from the fiscal cliff to the chuck hagel nomination, observers are noting that the president is playing more of a game of offense now. here's how politico's glen thrust put it today, quote, after four-plus years of embittered partisan combat, he views his gop bargaining partners with more than a little contempt. to pass a moderate tax increase before the fiscal cliff deal isn't the best way to deal with the capital is to throw rocks at it. then send joe biden in to clean up the glass. your thoughts? in nominating hagel this week, the president praised his record of independence in the senate and urged his former colleagues to confirm him quic
. >> absolutely. >> it's the size of the government. it's intrusion in our lives that's the problem here. we don't talk enough about it, the victims of this policy. it's all savers, particularly seniors, it is our children and grandchildren. what we're doing to them is utterly immoral. we've got to come to grips with that. >> senator, what are you going to do for the debt ceiling? is there a plan that gets us -- it's not going to be a grand plan. >> as a matter of fact, yes. the cbo has got a big thick book, and it shows $4.9 trillion of ways we can reduce spending. it's a menu. >> but you don't think we'll be doing that. are you going to vote for -- >> we'll do dollar for dollar, whether $100 billion to increase the debt ceiling, $200 billion. take your pick, mr. president. >> thank you four a great two hours. "squawk on the street" begins right now. >>> congratulations to the alabama crimson tide, winners of the bcs college football championship for a second straight year. a third time in the last four years. what a run. it good morning, welcome to "squawk on the street." i'm melissa lee, live
's ridiculous they posted my name and address, why about the people arrested with illegal guns and-- >> we don't know those. think about that, people that didn't go through the year long process and took about a year for all of you-- >>, but that-- >> and on a map. >> what the right to privacy. >> the worst thing we're going to see right now, as a legislator, your i disagree with mr. gold on this, you're going to see bills from the senate and assembly that are going to protect us in this manner, but they're going to be coupled with gun control laws that are going to be hideous to us, that are going to be absolute-- come as a package and that's the way that it's going to get passed. >> sean: we're out of time. give you all-- give yourselves a big hand. thank you all for coming. [applause]. and i really appreciate it, thank you all. that's all the time we have left for this week. let not your heart be troubled. we'll be back on monday and i hope you have a great weekend. >> >> tonight, an on the record special, three years after a massive and deadly earthquake, we have some good news from haiti
when he turned against the iraq war. >> republicans don't consider him a republican. >> chuck hagel has left the republican party. >> he has long cut his ties with the republican party. >> when he endorsed president obama in 2008. >> democrats don't accept him as an alternative choice. >> hagel appears to be a man without a party. >> is chuck hagel the right choice for secretary of defense? it is certainly not the most easy one. >> the new conservative dominance of policy thinking ended when barack obama was elected president. but today was the day that the obama administration made the single biggest play to define what comes next. what is t next. today, he nominated chuck hagel, in doing, he nominated the first vietnam veteran. >> he understands that sending young americans to fight and bleed in the dirt and mud, that is something we only do when it is absolutely necessary. my frame of reference, he has said, is geared to the guy at the bottom who is doing the fighting and the dying. with chuck, our troops will always know just like sergeant hagel was there for his own brother, secret
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